Game Theory + Strategy

What is the prisoner’s dilemma?

Prisoner’s dilemma is when individuals choose self-interest even when cooperation is more beneficial

What is the Nash equilibrium?

The Nash equilibrium is a situation where no player could gain more by changing their own strategy (holding all other players' strategies fixed) in a game

What is iteration?

Iteration is the process of repeating and refining policies in order to learn from previous ones

What is Shadow of the future?

Shadow of the future is when future consequences influence present decisions

What is Chicken?

Chicken is where two sides share mutual destruction by refusing to back down

What is Stag hunt?

Stag hunt is when cooperation gives the best outcome, requiring trust